Groucho
DP Veteran
- Joined
- Dec 19, 2009
- Messages
- 1,363
- Reaction score
- 933
- Location
- Pocono Mountains, PA
- Gender
- Male
- Political Leaning
- Liberal
In that case it's unjust. Why should somebody have to pay for someone else's retirement?
Nice idea, only one failing, how do you keep a future Government from deciding that the pensions pot should be for ALL the people.
Please do not tell me that this cannot happen in a Democracy, for I would tell you it already has, although rather than actually steal the pot, the government concerned taxed the pot to exhaution.
A better solution; take it away Ron Paul !!!
Sure you can. It's just a matter of how much you pay in premiums. And the original retirement age was higher than the life expectancy at the time, so the vast majority of people did not collect.
What's more interesting is people supporting the idea of raising it or getting rid of it all together can't respond to a real world example, instead choose to ignore it and keep going on with their perfect scenarios where getting rid of SSI or raising the age will somehow make everyone happier.
What's more interesting is people supporting the idea of raising it or getting rid of it all together can't respond to a real world example, instead choose to ignore it and keep going on with their perfect scenarios where getting rid of SSI or raising the age will somehow make everyone happier.
The best idea is to just let people invest their own money for retirement, but since there are lots of people who would just squander it, it's probably not feasible. The next best is to put all of the SS money into interest-bearing accounts and everyone gets back exactly what they put into it, plus interest, not one penny more or less. Of course, as you said, that would require that the government have any self-control whatsoever, which we all know it doesn't.
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